Kalshi Seeks CFTC Approval for WTI Crude Oil Perpetual Futures
The proposed contract would trade 24 hours a day, five days a week, and become the first regulated U.S. crude oil perpetual futures product if approved.
Kalshi has submitted a proposal to the Commodity Futures Trading Commission for a perpetual futures contract linked to West Texas Intermediate crude oil, seeking to bring a regulated oil product to its U.S. trading platform.
If approved, the contract would be the first crude oil perpetual futures product traded on a regulated U.S. platform. Perpetual futures do not have a fixed expiration date.
Kalshi plans for the product to trade 24 hours a day, five days a week. The CFTC has 45 days to decide whether to approve or reject the proposal.
Kalshi’s commodity markets had reached nearly $400 million in trading volume by early September, providing the backdrop for the company’s expansion beyond event contracts and into energy derivatives.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.